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Debunking the 'Excess' Recordkeeping Fee Claims in the U.S. Bancorp Case
Encore Fiduciary 
[Opinion] May 16, 2023 "The initial complaint asserted a false recordkeeping fee that was easily rebutted by plan fee disclosures. The amended complaint then asserted the correct fee, but with lower purported benchmarks to allege fiduciary imprudence.... [The] motion to dismiss is worth studying, as it exposes the con game of the plaintiffs' excess fee bar, particularly when they sue low-fee plans like the U.S. Bancorp plan." [Dionicio v. U.S. Bancorp, No. 23-0026 (D. Minn. motion to dismiss filed May 2, 2023)] MORE >> |
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